Security Analyst Howard Stillman Initiates Coverage on Planet Earth Recycling Inc. With a Buy Recommendation Twelve Month Target Price $8.00 per Share

Apr 25, 2001, 01:00 ET from Planet Earth Recycling, Inc.

    BLAINE, Wash., April 25 /PRNewswire/ -- Planet Earth Recycling Inc.
 (OTC Bulletin Board:   PERI) (The Company), is pleased to provide a research
 profile, recently issued by Howard Stillman.
 
                                                         April 24, 2001
 
                                RESEARCH PROFILE
 
                                      BUY
                       PRICE OBJECTIVE   $8 in 12 months
                          PLANET EARTH RECYCLING INC.
 
     OTC BB SYMBOL:  PERI
 
     Capitalization (December 31, 2000)               Price:  $1.70
     Long term Debt:  None                            Range:  4 1/4 High
     Common Stock:  20,315,000 outstanding                    1 1/8 Low
 
                         Float:  4,000,000 approximate
 
     Fiscal  Year              June 30, 2001       June 30, 2002
     Estimated Revenues:       $12 million         $37 Million
     Estimated Earnings:       $0.15 per share     $O.60 per share
     Price/Earnings Ratio      11.0 x              2.8 x
 
     CORPORATE STRATEGY:
     As a relatively new participant in the multi-billion dollar Waste
 Recycling industry, Peri has enjoyed rapid success since its inception in late
 1999.  Management is implementing a solid business plan as it addresses a
 major concern of society today namely disposal of growing levels of refuse
 without pollution through its superbly engineered methodologies. Peri's team
 of management and consultants have over 300 years experience in all facets of
 this industry and provide the answers to the never ending question of "what
 the world needs now." Most important, formidable revenue and earnings growth
 with handsome margins are already evident. For the first half ending December
 31, 2000 revenues totaled $4,151,376 compared with just $1,095,000 the like
 year ago period with net income tripling to $2,549,979 from $879,290 in that
 same term. More rapid growth is anticipated in the months and fiscal year
 ahead as expansion plans and acquisition efforts begin to unfold.
     Although in its early operating stages, the company has become a fully
 integrated, multi-faceted recycling and waste management business capable of
 handling a diverse range of recyclable materials including glass, paper,
 cardboard, metals and particularly organic wastes.  An exclusive license has
 been obtained to a patented process superior to competitive biodegradable
 technologies to convert organic wastes to valuable feed and fertilizer
 products in Canada, California, Washington, Oregon, Nevada, Hawaii and Iowa.
 This license, known as Thermos Master(TM) Mark III technology, has already
 generated contracts for a $11,875,000 million bio-conversion plant in
 Hamilton, Ontario serving the greater Toronto area due for completion in the
 current fiscal year and recently announced a $13.3 million facility in
 Richmond, British Columbia, which will serve the Vancouver vicinity. Contracts
 are negotiated on a cost plus 15% profit basis. PERI can also build the Thermo
 Master Mark III plants worldwide on a non-exclusive basis. Feasibility studies
 for the construction and operation of 12 additional plants are underway.
     The company has commenced discussions to build similar facilities in China
 and England. Through its subsidiaries, a full package of construction service
 and operation to conducting waste management and selling the end products is
 in place. As there is no pollution of plants under operation, obtaining
 permits poses no problems. All facets of operations are generating profitable
 cash flow. On April 3, the company acquire a 400-ton  per day recycling
 facility in Toronto, from which it will derive tipping fees for incoming waste
 as well as revenues from end product sales. The acquisition is forecast to
 produce $4 million in revenue this year and $9 million the following year.
 Further more, negotiations to acquire a proprietary technology and waste
 recycling complex near Albany, New York is in the final stages of negotiation.
 All in all the company has aggressively set the wheels in motion to be become
 a highly profitable entity in its industry with excellent growth prospects.
 
     HIGHLIGHTS
     1)  Estimated first year after tax earnings of $0.15 per share on revenues
 of $12 million in fiscal 2001 with projections of $0.60 per share in after tax
 earnings next year.
     2)  Contracts exceeding $25 million to date under license to construct and
 operate Thermo Master Mark III plants.
     3)  Profitability achieved in all phases of operations.
     4)  Aggressive plans to expand operations both internally and through
 select acquisitions unfolding favorably.
     5)  Management team displays considerable prowess in its accomplishments
 to date and strengthened by addition of a veteran Chief Financial Officer.
     6)  Company's technologies environmentally friendly and successfully
 combats Green House gas concerns worldwide.
 
     SUMMARY & CONCLUSION
     The shares at current price levels are selling at the low end of their
 trading range. We believe once the corporate accomplishments receive increased
 recognition, it will attract formidable investment consideration as a rapidly
 evolving growth company in an industry affording huge potential. The stock
 appears speculatively attractive for risk-oriented investors seeking above
 average capital appreciation.
 
     MANAGEMENT
     DONALD DICK, CHAIRMAN has 30 years of engineering experience completing
 over 1,100 in North, Central and South America to Europe. Through his career
 he has developed a notable reputation for innovation; state of the art design
 and intuitive timing.
     ROWLAND WALLENIUS, PRESIDENT is a strong administrator of corporate
 operations with considerable experience as a corporate controller and auditor.
 He has been directly involved in raising millions in corporate finance in
 public markets.
     James Dellomo, CHIEF FINANCIAL OFFICER  has joined the company from his
 former position as V.P. Finance  at Knogo Corp., A  New York Stock Exchange
 company whose revenues exceed $100 million annually. He has considerable
 experience in all aspects of corporate finance, S.E.C. reporting and
 shareholder relations.
 
                                     Howard N. Stillman - Security Analyst
 
     HOWARD N. STILLMAN HAS BEEN A SECURITY ANALYST FOR OVER 25 YEARS. HE HAS
 BEEN A DIRECTOR OF RESEARCH FOR TWO N.Y.S.E. MEMBER FIRMS. HE CURRENTLY IS
 APPROVED AS A SUPERVISORY ANALYST BY THE NEW YORK STOCK EXCHANGE. HE NOW
 FOCUSES ON SMALL CAPITALIZATION AND SPECIAL SITUATION ISSUES. This report is
 read at your own risk. It was prepared for a fee of $5,000. It is based upon
 information believed to be reliable but cannot be guaranteed for its accuracy
 or completeness.
 
     PERI recognizes the global, environmental crisis and has adopted a
 high-growth approach for its business with cutting-edge solutions for managing
 and recycling all waste materials including:  glass, plastic, paper,
 cardboard, metals, and particularly organic waste. From waste audits,
 acquisition, and processing of raw waste materials, to construction ownership,
 and operation of satellite centers, depackaging centers, transfer stations,
 recycling centers, and bio conversion plants, PERI does it all. PERI has the
 needed expertise, the technologies, the infrastructures, and resources to meet
 all of its objectives profitably and rapidly. PERI's expert team of
 consultants has over three centuries of combined experience deriving revenues
 from financing, permitting, engineering, construction, training, research and
 development, marketing, operations, and systems support. PERI is a one-stop
 recycling shop.
     Certain statements contained herein are "forward looking statements" (as
 such term is defined in the Private Securities Litigation Reform Act of 1995).
 These statements are based upon the belief of the Company's management, as
 well as assumptions made beyond information currently available to the
 Company's management.  Because such "forward looking statements" are subject
 to risks and uncertainties, actual results may differ materially from those
 expressed or implied.  Such "forward looking statements" include but are not
 limited to, competitive factors, general economic condition, customer
 relations, relationships with vendors, government supervision and regulation,
 product introductions and acceptance, technological changes in industry
 practices, and other factors discussed in filings made by the Company with the
 Securities and Exchange Commission.
 
     On Behalf of the Board of Directors of:
     PLANET EARTH RECYCLING INC.
 
     "DONALD DICK"
 
     Donald D. Dick,
     Chairman
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X13167429
 
 

SOURCE Planet Earth Recycling, Inc.
    BLAINE, Wash., April 25 /PRNewswire/ -- Planet Earth Recycling Inc.
 (OTC Bulletin Board:   PERI) (The Company), is pleased to provide a research
 profile, recently issued by Howard Stillman.
 
                                                         April 24, 2001
 
                                RESEARCH PROFILE
 
                                      BUY
                       PRICE OBJECTIVE   $8 in 12 months
                          PLANET EARTH RECYCLING INC.
 
     OTC BB SYMBOL:  PERI
 
     Capitalization (December 31, 2000)               Price:  $1.70
     Long term Debt:  None                            Range:  4 1/4 High
     Common Stock:  20,315,000 outstanding                    1 1/8 Low
 
                         Float:  4,000,000 approximate
 
     Fiscal  Year              June 30, 2001       June 30, 2002
     Estimated Revenues:       $12 million         $37 Million
     Estimated Earnings:       $0.15 per share     $O.60 per share
     Price/Earnings Ratio      11.0 x              2.8 x
 
     CORPORATE STRATEGY:
     As a relatively new participant in the multi-billion dollar Waste
 Recycling industry, Peri has enjoyed rapid success since its inception in late
 1999.  Management is implementing a solid business plan as it addresses a
 major concern of society today namely disposal of growing levels of refuse
 without pollution through its superbly engineered methodologies. Peri's team
 of management and consultants have over 300 years experience in all facets of
 this industry and provide the answers to the never ending question of "what
 the world needs now." Most important, formidable revenue and earnings growth
 with handsome margins are already evident. For the first half ending December
 31, 2000 revenues totaled $4,151,376 compared with just $1,095,000 the like
 year ago period with net income tripling to $2,549,979 from $879,290 in that
 same term. More rapid growth is anticipated in the months and fiscal year
 ahead as expansion plans and acquisition efforts begin to unfold.
     Although in its early operating stages, the company has become a fully
 integrated, multi-faceted recycling and waste management business capable of
 handling a diverse range of recyclable materials including glass, paper,
 cardboard, metals and particularly organic wastes.  An exclusive license has
 been obtained to a patented process superior to competitive biodegradable
 technologies to convert organic wastes to valuable feed and fertilizer
 products in Canada, California, Washington, Oregon, Nevada, Hawaii and Iowa.
 This license, known as Thermos Master(TM) Mark III technology, has already
 generated contracts for a $11,875,000 million bio-conversion plant in
 Hamilton, Ontario serving the greater Toronto area due for completion in the
 current fiscal year and recently announced a $13.3 million facility in
 Richmond, British Columbia, which will serve the Vancouver vicinity. Contracts
 are negotiated on a cost plus 15% profit basis. PERI can also build the Thermo
 Master Mark III plants worldwide on a non-exclusive basis. Feasibility studies
 for the construction and operation of 12 additional plants are underway.
     The company has commenced discussions to build similar facilities in China
 and England. Through its subsidiaries, a full package of construction service
 and operation to conducting waste management and selling the end products is
 in place. As there is no pollution of plants under operation, obtaining
 permits poses no problems. All facets of operations are generating profitable
 cash flow. On April 3, the company acquire a 400-ton  per day recycling
 facility in Toronto, from which it will derive tipping fees for incoming waste
 as well as revenues from end product sales. The acquisition is forecast to
 produce $4 million in revenue this year and $9 million the following year.
 Further more, negotiations to acquire a proprietary technology and waste
 recycling complex near Albany, New York is in the final stages of negotiation.
 All in all the company has aggressively set the wheels in motion to be become
 a highly profitable entity in its industry with excellent growth prospects.
 
     HIGHLIGHTS
     1)  Estimated first year after tax earnings of $0.15 per share on revenues
 of $12 million in fiscal 2001 with projections of $0.60 per share in after tax
 earnings next year.
     2)  Contracts exceeding $25 million to date under license to construct and
 operate Thermo Master Mark III plants.
     3)  Profitability achieved in all phases of operations.
     4)  Aggressive plans to expand operations both internally and through
 select acquisitions unfolding favorably.
     5)  Management team displays considerable prowess in its accomplishments
 to date and strengthened by addition of a veteran Chief Financial Officer.
     6)  Company's technologies environmentally friendly and successfully
 combats Green House gas concerns worldwide.
 
     SUMMARY & CONCLUSION
     The shares at current price levels are selling at the low end of their
 trading range. We believe once the corporate accomplishments receive increased
 recognition, it will attract formidable investment consideration as a rapidly
 evolving growth company in an industry affording huge potential. The stock
 appears speculatively attractive for risk-oriented investors seeking above
 average capital appreciation.
 
     MANAGEMENT
     DONALD DICK, CHAIRMAN has 30 years of engineering experience completing
 over 1,100 in North, Central and South America to Europe. Through his career
 he has developed a notable reputation for innovation; state of the art design
 and intuitive timing.
     ROWLAND WALLENIUS, PRESIDENT is a strong administrator of corporate
 operations with considerable experience as a corporate controller and auditor.
 He has been directly involved in raising millions in corporate finance in
 public markets.
     James Dellomo, CHIEF FINANCIAL OFFICER  has joined the company from his
 former position as V.P. Finance  at Knogo Corp., A  New York Stock Exchange
 company whose revenues exceed $100 million annually. He has considerable
 experience in all aspects of corporate finance, S.E.C. reporting and
 shareholder relations.
 
                                     Howard N. Stillman - Security Analyst
 
     HOWARD N. STILLMAN HAS BEEN A SECURITY ANALYST FOR OVER 25 YEARS. HE HAS
 BEEN A DIRECTOR OF RESEARCH FOR TWO N.Y.S.E. MEMBER FIRMS. HE CURRENTLY IS
 APPROVED AS A SUPERVISORY ANALYST BY THE NEW YORK STOCK EXCHANGE. HE NOW
 FOCUSES ON SMALL CAPITALIZATION AND SPECIAL SITUATION ISSUES. This report is
 read at your own risk. It was prepared for a fee of $5,000. It is based upon
 information believed to be reliable but cannot be guaranteed for its accuracy
 or completeness.
 
     PERI recognizes the global, environmental crisis and has adopted a
 high-growth approach for its business with cutting-edge solutions for managing
 and recycling all waste materials including:  glass, plastic, paper,
 cardboard, metals, and particularly organic waste. From waste audits,
 acquisition, and processing of raw waste materials, to construction ownership,
 and operation of satellite centers, depackaging centers, transfer stations,
 recycling centers, and bio conversion plants, PERI does it all. PERI has the
 needed expertise, the technologies, the infrastructures, and resources to meet
 all of its objectives profitably and rapidly. PERI's expert team of
 consultants has over three centuries of combined experience deriving revenues
 from financing, permitting, engineering, construction, training, research and
 development, marketing, operations, and systems support. PERI is a one-stop
 recycling shop.
     Certain statements contained herein are "forward looking statements" (as
 such term is defined in the Private Securities Litigation Reform Act of 1995).
 These statements are based upon the belief of the Company's management, as
 well as assumptions made beyond information currently available to the
 Company's management.  Because such "forward looking statements" are subject
 to risks and uncertainties, actual results may differ materially from those
 expressed or implied.  Such "forward looking statements" include but are not
 limited to, competitive factors, general economic condition, customer
 relations, relationships with vendors, government supervision and regulation,
 product introductions and acceptance, technological changes in industry
 practices, and other factors discussed in filings made by the Company with the
 Securities and Exchange Commission.
 
     On Behalf of the Board of Directors of:
     PLANET EARTH RECYCLING INC.
 
     "DONALD DICK"
 
     Donald D. Dick,
     Chairman
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X13167429
 
 SOURCE  Planet Earth Recycling, Inc.